High-Yield Stocks: Down 31%, This Ultra-Safe Dividend Stock Is a Buy

By Jason Hall and Jeff Santoro – Aug 11, 2023 at 5:03AM

NYSE: BEPC

Brookfield Renewable

Market Cap

$9B

Today's Change

(0.09%) $0.02

Current Price

$23.31

Price as of April 26, 2024, 4:00 p.m. ET

Worries about high interest rates shouldn't deter investors.

Shares of Brookfield Renewable (BEP 0.19%) (BEPC 0.09%) are down nearly one-third over the past year, while the company's prospects remain incredibly good and its dividend very safe. In this video, Motley Fool contributors Jason Hall and Jeff Santoro explain why the tailwinds for renewables, and Brookfield's long history of execution, make it a great stock to buy and hold right now.

*Stock prices used were from the afternoon of Aug. 7, 2023. The video was published on Aug. 11, 2023.

Jason Hall has positions in Brookfield Renewable and Brookfield Renewable Partners. Jeff Santoro has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Brookfield Renewable. The Motley Fool recommends Brookfield Renewable Partners. The Motley Fool has a disclosure policy. Jason Hall is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through their link they will earn some extra money that supports their channel. Their opinions remain their own and are unaffected by The Motley Fool.